Mac Hotels IPO

Mac Hotels IPOMac Hotels IPO overview - Mac Hotels is engaged in the business of owning, operating and managing hotels, restaurants and resorts in Goa since last 25 years. The company’s main object is to carry on the business of hotels, restaurant, café, caravan site, apartment house-keeper etc and related services. Its Hotels and Resorts are tourist destinations for domestic as well as international tourists and are one of the frequented hotels in Goa.

At present, the company operates and manages one resort under the name “Resort Park Avenue” in Goa which is located at Umta Wado, Near Infantaria Bakery, Baga Road, Calangute, Bardez, Goa – 403 516. Its corporate promoter Hotel Miramar Comfort Private Limited is also engaged in Hospitality Business.

The company has entered into Management Services Agreement (OYO Agreement) with Alcott Town Planners Private Limited on 9 September 2017 for providing the services such as - Managing the day to day operations of the property, manage maintenance and supervision of the property, providing food and beverages services.

Promoters of Mac Hotels – Edgar Cotta, Edwin Cotta and Hotel Miramar Comfort Private Limited
Mac Hotels IPO details
Subscription Dates 19 - 25 September 2018
IPO Price band INR24 per share
Fresh issue Nil
Offer for sale 810,000 shares (INR1.94 crore)
Total IPO size 810,000 shares (INR1.94 crore)
Minimum bid (lot size) 6,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Mac Hotels' financial performance (in INR lakh)
FY2013 FY2014 FY2015 FY2016 FY2017 9M FY2018
Total revenue 118.1 141.8 193.1 188.3 310.1 239.8
Total expenses 115.6 132.3 185.5 179.8 290.2 228.2
Profit after tax -1.3 8.8 8.8 8.4 13.1 8.0
Mac Hotels' Contact Details

Mac Hotels Limited
First Floor, Beach Plaza (Annexee)
Nomxin, Caranzalem, Ilhas
Goa, Panaji - 403001

Phone: +91 0832 2464299
Email: [email protected]

Mac Hotels IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.40
Day 2 0.77
Day 3 1.16
Day 4 1.44


Mac Hotels Valuation (For FY2017)

Earnings Per Share (EPS): INR3.84

Price/Earnings (P/E) ratio: 6.25

Return on Net Worth (RONW): 4.32%

Net Asset Value (NAV): INR10.07 per share

Registrar of Mac Hotels IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
 [email protected]

Mac Hotels IPO Allotment Status

Mac Hotels IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Mac Hotels

IPO Opening Date: 19 September 2018

IPO Closing Date: 25 September 2018

Listing Date: 4 October 2018

Listing Price on BSE SME: INR24.6 per share (up 2.5% from IPO price)

Closing Price on BSE SME: INR25.8 per share (up 7.5% from IPO price)

Mac Hotels IPO
3.3 (65%) 4 vote[s]

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